Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Endiama incurs heavy loss due to COVID-19 pandemic – report

27 january 2021
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Image credit: ENDIAMA


The Angolan state-owned diamond company, Endiama recorded a loss of $400 million from its 2020 operations due to the COVID-19 pandemic, according to the local media.
Angola had initially targeted to produce diamonds worth $1.4 billion last year.
Angop news agency reports that Endiama produced 7.5 million carats last year against an initial target of 10.5 million carats.
Company chairperson José Manuel Ganga Júnior was quoted as saying that they opted not to halt production last year but reduce the staff.
Several diamond companies, including De Beers, temporarily suspended diamond sales around March last year when governments closed their borders and introduced strict lockdowns to curb the spread of the coronavirus.
The bulk of the companies later resumed diamond sales, although they had to adjust their traditional ways of conducting auctions.
The country earned about 1.3 billion from just over 9.44 million carats of diamonds sold in 2019.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished